Published: November 01, 2010
Expert Group, Inc. (O.T.C. EXPU) Signs B2B Agreement With Direct Mortgage Wholesale
Expert Group, Inc. (PINKSHEETS: EXPU) is proud to announce that it has just added Direct Mortgage Wholesale to its list of wholesale lenders. As part of the agreement Expert Financing will act as a reseller of Direct Mortgage Wholesale.
Direct Mortgage Wholesale provides pace-setting rates, cutting-edge loan programs, online rate locks, and the most robust automated underwriting system in the business.
"In a day and age when many lenders are struggling, we at Expert Financing continue to innovate, creating new loan programs through alliances with today's top lenders. DMW's proprietary software, DirectWare® Loan Choices™ features Predictive Analytics, assists you in selecting the right loan at the right price, including Fannie Mae, Freddie Mac, and Direct Mortgage's own loan portfolio; and provides real time pricing, loan registration and online locking," states CEO Robert Rico.
Benefits include:
- Loan Choices™ with Predictive Analytics
- Drag & Drop underwriting checklist
- FHA & VA loans and sponsorships
- USDA loan
- Paperless Loan Submissions
- Lock online until 3 am Eastern, 1 am Mountain Time, midnight Pacific
- Automatic notifications of U/W status, e.g., that loan is locked (including anticipated yield spread), clear to close, or is funded
- Text notifications to phone
- Calyx Point lender
Furthermore, Direct Mortgage is a wholesale mortgage lender with a philosophy of "close the loan." Whether that means educating brokers about loan products available on the market, providing free uploads of loan applications, automatically underwriting referred borrowers against alternative loan programs, or going the extra mile to personally obtain outstanding conditions on a pending loan, Direct Mortgage associates focus on getting the deal done.
Robert Rico concludes, "On Oct 29, 2010, Expert Financing's application was approved. Expert Financing can offer DMW's competitive rates. We continue to expand our relationships with Banks as well as continue to increase our number of originators. Expert represents some of the largest lending institutions in the world including Wells Fargo and Flagstar Bank, to name a few."
About Expert Group, Inc
Expert Group, Inc d.b.a. Expert Financing, Inc -- EXPU -- is a company committed to your success; a company that provides not just services, but partnerships; a company with a long-standing reputation of honesty, integrity, and ethical business practices; a company with the resources to handle all your real estate needs. EXPU is one of the top-ranked Mortgage Banking firms in the industry, specializing in providing financing for all types of Real Estate related transactions, including but not limited to residential, commercial, refinances, FHA, Jumbo Loans, Fannie Mae, Hotels, lodging, Franchises, SBA Loans, and Reverse mortgages.
As a certified correspondent lender and a FHA certified lending institution, EXPU can offer up to date loans to consumers, including Equity Lines, Hard Money, Mezzanine Financing, Debt Financing, conventional, non-conventional, and VA Loans.
Expert Group, Inc markets a variety of financial products and services through Expert Financing & Investments; with multiple offices throughout South Florida, Expert is rapidly becoming a market leader in the multibillion dollar Florida market. EXPU has built the infrastructure necessary to grow with state-of-the-art Facilities. Today, EXPU serves many realties as their mortgage bankers and has closed 100's of million in loan originations. Visit our website for more information: www.expertfinancing.net
Certain statements in this release and the attached corporate profile that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors.
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